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in 10 years by reforming the tax code in medicare and repealing the president's health care law. budget committee chairman paul ryan spoke with reporters for a half an hour. >> good morning, everyone. what we have here is the house budget committee republican majority. putting out yet again a budget that it just is america's needs, a budget that balances. it is a responsible, balanced budget. we owe the american people a balanced budget. or the third straight year, we have a limited. we have balance a budget in just 10 years. this is a plan to balance the budget in 10 years. the house budget committee has spent the last several weeks working together with each other just like families and businesses do around the country. we have been assembling a budget so that we can make sure our country can live within its means. it is a reasonable goal, balancing the budget. we cannot keep spending money we do not have. that is the basic acknowledgment and you are budgeting. just like families and businesses, you cannot keep kicking the can down the road. medicare is jeopardizing the health for mil
of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
is back, and the $13 billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats, a new report according to an isp, nigeria as being the worst for spam. dagen: the corporate tax burden in the country. who pays the most? those stories and much more coming up in hour on "markets now." ♪ connell: markets are going back to positive. dagen: who has a greater connection than anyone in the building. connell: good morning, nicole. dagen: good morning, yes, my mother and father were born in cypress, but i want to look here at the averages, a lot stemming from what we heard in cypress, them giving a vote to tax the depositors there, and that, in turn, could really pressure europe overall, that vote takes place tomorrow. the banks closed until thursday. the euro is at a four month low, and people are spooked. i mean, that's really what's occurring here, down 45 points for the dow jones industrials, so that's down
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
and businesses and consumers do not want to hear, it's a new tax on the internet. even downloads from ituness, who thinks that is a good idea? not me, here is good news "the kudlow report" begins right now. president obama in israel for the first same in his presidency, securing the relations with the allie in the middle east, here is what he had to say when greeted by benjamin netanyahu. it's in our fundamental security interest to stand with israel. it makes us both stronger and more prosperous and makes the world a better place. >> so question is, what exactly is the president hoping to accomplish in israel. here now we republican former u.s. ambassador and dan senor the coauthor of start up nation. joining me here on set for the hour, ryan grim, huff post washington bureau chief, and tony frato, former white house deputy press secretary. welcome to one and all, if i may go to you first, ambassador, there's all this media chatter that i'm reading today that president obama the not know what he wants to do and he has no agenda. it's said that he was the first u.s. president to visit israel
from unspecified tax reform and doesn't identify single loophole in there that you would close. how is this honest accounting and how does this help lend legitimacy to the budget process that many americans feel has become kind of a farce? >> there are no budget gimmicks. in fact it's not our numbers that we're using. there's an independent referee that scores everybody's budget. they score our budget, the president's budget which doesn't exist yet but when he files it they will score that. in our budget they actually score the house budget to balance in ten years. and what paul does, a budget doesn't actually implement tax reform. it calls for tax reform. it calls on the various committees of jurisdiction to do certain things. we'll be calling on our natural resources and energy and commerce committee to increase energy production for example. that doesn't say exactly how to do it. that's what those committees do. so the ways and means committee will be called upon to implement tax reform and what we mean by tax reform is to close loop holes not in the the president's example to sp
chairman paul ryan. he says that it will balance the budget in 10 years without raising taxes by reducing spending over the next decade by 5.7 trillion. it would also repeal president obama's health care law and make changes to thed to and medicare. this portion of the markup is 2-1/2 hours. . under the structure we have developed we will begin by having presentations on the budget in our control by the majority and hour controlled by the minority i will make an opening statement and then mr. valholen will also make an opening statement. any other members may enter statements into the record. the remaining time left and then the minority will use the remaining time left in its hour. mr. valholen's time and my time will come out of our hour. after the presentations we will have a staff walk through which means members can ask questions they have. after the staff walk thru, we will proceed to the amendments in a structure that i have worked out with the ranking member the structure that we have had standing tradition of. i will describe that when we get to that point. we will do tier 1, 12,
their proposals on taxes. under their budget, the top rate is to be reduced from 39.6% to 25%. the a.m.t. will be repealed. the corporate tax rate will be cut from 35% to 25%. but you don't find one sill bell in the republican budget on how these tax cuts will be paid for. . they don't identify a single tax policy that will end. the republican budget would mean a huge tax cut for the very wealthy, several $100,000 a year and leave a nearly $6 trillion hole in the deficit that would lead to tax increases for middle-income families. that isn't balance. that is total imbalance. at the same time, republicans propose cutting $3.3 trillion from programs for people with low and moderate incomes, including hundreds of billions of dollars for food nutrition and medicaid programs. so i want to end by asking the republicans when they come and talk about their tax proposals to name a specific that they would address. it's not in the republican budget. name one, name two, name three. otherwise, it's worse than empty. the chair: the time of the gentleman has expired. the gentleman from wisconsin.
. >> it is coming under criticism for fuzzy math. he uses revenue from unspecified tax return and does not identify a single leap -- the poll you would close. how is this honest accounting and how does this land and did it -- legitimacy to the budget process? >> there are no budget gimmicks in this document. it is not our numbers we're using. there is an independent referee, the congressional budget office, that scores everyone's budget. this for our budget, the president's budget. that will be the official number. they scored the house budget to balance in 10 years. a budget does not implement tax reform, it calls for tax reform. it calls on the various committees to do certain things. we will be calling on the natural resources and energy committee and commerce to increase energy production. that does not say exactly how to do it. the ways and means committee will be called upon to implement tax reform. what we mean is to close -- close loopholes. we closed loopholes to work overall rates. we have the highest corporate tax rate in the world right now. it makes america uncompetitive. instead of a
as quickly as possible. now, we had the discussion earlier about taxes and we thought that we had worked the tax problem for and everybody preserved people's taxes for 99% of the people and we thought that there were going to be some spending cuts coming. somebody sent me this little chart that i have to share. this says "republican" on it. "okay, i'll raise taxes if you promise to cut spending." well, lucy, it's a "deal." but we've been watching this cartoon for years and years and we know what happens. when we go to pick up the spending cuts, the football suddenly gets lifted out of the way and we wind up on our back. the american public winds up on its back. that's not the kind of spending cuts we're looking for. we're looking for some real spending cuts. not just a decrease in the growth but some real spending cuts. and there's -- there's a way to do those. wyoming has been faced with probably an 8% in reduction in its income. how did it handle it? the governor, seeing that coming, got ahold of every department and program and said, i need a plan from you for how you would cut 2%, ho
interesting things to tell republican senators this afternoon. he says he's for corporate tax reform and willing to push fellow democrats on entitlements. is the charm offensive starting to pay off? "the kudlow report" begins right now. first up tonight, a nice 83-point move higher for the dow, makes it ten straight days of gains. we have details of another day of record highs, good evening, ka kayla. >> reporter: jobless claims fell unexpectedly and gave traders more confidence in growth. the dow sitting above 14,500. up 83 points to 14,539. this month the dow has been up nearly every single day. the s & p within four points. all time record closing here. 1,563. on rising rates on treasuries. the highest yield in a year. low by historical standard. 3.248%. and the year on 390-year, up 10% this month alone. lots moving on the mobile front, larry. google will shut down its e-reader and samsung unveiled galaxy 4. blackberry moved on moves of the z-10. closed down just 4%. jcpenney under the microscope. the credit default swaps, those widened dramatically. fears of liquidity crunch hurt
limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red state noted the ryan budget leaves in 1 trillion in tax revenue in president obama's health care reform bill, including taxes on tanning salons and high value health care plans, which provoked erick erickson to question whether house republicans should even vote for it. since paul ryan's budget keeps the obama care tax revenue stream, isn't voting for his budget a violation of the repeal pledge? and in an interview with cnbc, paul ryan could not continue to pretend his budget choices had any attachment to reality. >> in ter
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is r
revenues through taxes in this budget. it's about $1.5 trillion in new tax revenue on top of the $600 billion in higher taxes earlier this year. that is on top of the more than $1 trillion in obamacare taxes. >> neil: and that doesn't balance anything? >> this is blueprint for what the president wants and what all democrats want, that higher taxes, more taxes and they are going to spend until the bond market says, hold it. you can't spend. >> neil: what do you think? >> i just think it's fascinating you put a time stamp on this. like ten years, it's way out there in the future. ten years comes pretty quick. what is scary about this the media let them get away with it. obama sounds smart but when you strip down what he says, it's actually pretty stupid. there is rationality we can still set sel our debt because everyplace else is screwed up but to suggest ten years we're going to have a problem and that is not coming in relative terms tomorrow is stupid. you want to give the president respect, but his statement was stupid. >> neil: adam, you agree with that, i guess? >> actually i don'
dream. [applause] we can change the tax code so that loopholes for special interests are eliminated. we can streamline, simplify the tax code and put more money in the pockets of families. [applause] in the talk to moms sandwich generation, those taking care of their parents and their children, about how we need to fund medical research and repeal the medical device tax so that we can cure diseases and give everyone a chance at a better life. [applause] we have all heard these policy issues before, but we need to start talking about these employment and family issues. that is the way we are going to reach men and women, when we start speaking from our heart as well as our head. that is how we will bring about a new, modern, conservative division to america -- conservative vision to america. [applause] the second way we need to modernize is with technology. for a moment, let's consider two .mericas you have washington, d.c., the center of government, and you have silicon valley along with the pacific northwest, the center of technology innovation. if you have an iphone but are still usin
in almost four years. and tax hikes are at the center of their plans once again. senate budget committee chair patty murray proposing a budget that calls for a trillion dollars in new taxes. according to the congressional budget office, it still won't balance the budget, even decades down the road. democrats argue that this budget cuts almost 2 trillion from deficits over ten years. and they asked rich to pay their fair share. wih the white house insisting to the press that the american people have given them a mandate to take this approach. >> we need to ask the wealthy to contribute to deficit reduction, and that is a position that the public widely supports. i will wait for the budget to be putorward in senator murray to do that. we expected to be balanced, to have the principal balance inherent in its proposals. it is not -- in that don't expect it will be -- an agreement on every item of the president's proposal, but it will be consistent with the president's balanced approach. lou: the latest poll however contradicts jay carney claims of wide public support. the president's job app
! >>> >>> the tiny island of cyprus sets off big scare with plans to set off the rule of law. they want to tax all bank depositors large and small to pay for a bailout. this has never happened before.e are in trouble. if nothing happens, optimism runs the show. cyprus is the money ground for dirty money from russia and other rogue nations. the government of cyprus is scared to death of insulting vladimir putin. we'll have an expert who will play this scenario out for us. "the kudlow report" begins right now. >>> first up, let's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls bel
to be a temporary hike of taxes on but made them perm innocent locking in place an 8.8% top rate that could have new york's most productive residents taking eyes, and it's could take a hike, but will. i was thinking of that, will burr, it's another 9% on the top rate, close to 40%, half writeoffs saying nothing of the other taxes. you're paying 50% in taxes right out the gate. what's the deal? >> well, it's disappointing in that the business community, and the temporary increase part of the overall -- neil: must have known it was not temporary. >> well, no, we believed it would be, and went along with it as part of the overall reform, and he did make some good reforms, but this one is quite different. as far as i can see, this is paired with the $350 check being dulled out to sort of upper middle class people, and then -- neil: robbing peter to pay paul. >> yeah. neil: you think you were snickered? >> a direct money transfer from people in one income bracket to people in another income bracket. neil: so here you were trying to be pragmatic of this, this guy might be a different type of democrat, unl
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
on public servants, wasted money spent in the financial crisis and the only thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall
of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other assets like next time we try to sell our home, and obamacare wants 3.8% of the profit for medicare tax. juss like it is tacking medical devices for what it deems exception atrogen -- generous healthy insurance policy. so what is such a big leap going from hitting you up for dollars off fur devices, and hitting you up for dollars off your deposits. none, i tell you cyprus is not isolated. i am telling you, cyprus is a test case, it is starting, it was not only liberal the world over watching. now big brother, everywhere salivati
medicare and raise taxes on middle-class families all while handing out more tax breaks to the wealthy. the ryan republican budget is anything but balanced and it reflects the same backward value americans rejected in november. instead of asking the wealthiest to contribute their fair share, the ryan republican budget demands middle-class families pay more in taxes. instead of ending wasteful corporate tax loopholes, it basically ends medicare. in fact, the ryan republican budget takes special aim at health care. it would eliminate free preventive health services for 34 million americans. the ryan republican budget would increase prescription drug prices for seniors by $2.5 billion in one year. it would end the coverage guarantees for 3.1 million young men and women on their parents health plans. the budget would end coverage for mammograms, cervical cancer screenings and contraception for more than 47 million women. and it would allow insurance companies to deny care for 17 million children simply because they were born with a heart defect or some other illness. these drastic cuts wil
wanted to commend it administration for its aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point a
ones is tax policy. and if mr. ryan's budget passes as you have suggested, then the top tax rate goes from 39% to 25%. which means that those who already have a lot will get a whole lot more. . i'm reminded of a quote by president roosevelt, and he id, it's -- this is to paraphrase. he said we're not measured by how much those who have get what we do who have little. this is where the great buying power of america should be in the bottom 99%, really the bottom 50% or 60%. i thank you for raising the tax policy in the ryan budget. the rest, because of the elimination of the debt actions, are going to see a stalling of their income. ms. norton: he does get balance within 10 years and look how he gets it. you still do not have like anything like a contribution, a real contribution, from those who have benefited the most from the tax cuts built on that chart. you are talking about it continues to come from the lowest part of the income stream -- income groups in the united states. i don't know when people will -- let the congress know they aren't going to take it anymore. the time has com
of that magic fairy dust that ways and means is going to use to be able to eliminate the alternative minimum tax, be able to lower the top rate to 25%. you go through the areas that are outlined here on page 73, whatever that magic ways and means very dust is that allows us to do these magical things, let's do the same and at least at a minimum be able to maintain and increase in the budget authority and the outlays for the function for hundred so that we can continue at least at the current, inadequate level, rather than see a reduction of about one-third. i think this is an important policy statement for the committee in advance of what i hope is a serious conversation about what is a crisis for many people in the country. ironically, i think most of us would agree infrastructure investment is the quickest way to provide family wage jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint com
taxes you can take until you topple the entire economy. this is the challenge that this week will have. this week republicans will have a budget that balances in ten years. the democrats' budget never balances. no household can run that way. >> let me challenge you on this point because here is paul ryan this week, and he laid out very clearly what he thought the job was. let me play that. >> we think we owe the country a balanced budget. we think we owe the country solutions to big problems that are plaguing our nation -- a debt crisis on the horizon, a slow-growing economy, people trapped in poverty. we're showing our answers. >> right, but the answers rely on $700 billion in savings from interest. most of the deficit reduction comes from repealing the president's health care reform, which nobody thinks is going to happen. so how seriously should this be viewed as a roadmap for a balanced budget? >> it should be very serious, because budgets -- >> you're not going to repeal obama care. >> budgets are blue prints and priorities. we lay out. we think obama care should be repealed. the
to pick up. do not get too excited when all the obamacare taxes kick in next year. i would go into any of the markets like miami. the whole purchase to rent phenomenon, all the investors are jumping in and buying rental properties. the holster is wearing off on that. it did not turn out as good as they thought. look at those cities. vegas, phoenix, anything -- really, the fed induces this massive wild swing in bubbles. they are not sustainable. just watch out. dagen: anthony, it was great to see you. thanks a lot. connell: great to see you, as always. how about starbucks. this is a headline today. helps to explore different farming techniques. a disease called coffee rust. it has been hidden industry pretty hard. dagen: you can see through the pants. lulu lemon pulled some of its yoga pants off store shelves. the company claims the mistake impacts 17%. it was made by a supplier. lulu lemon offering full refunds to customers. they are trying to figure out what exactly happened. it is hard to make up a story this good. shares are down more than 5% today. connell: it is like christmas for
so far, everything we voted on has been anything but tax reform and pro-jobs legislation. the energy to power an american renaissance is right below our feet. west virginia is blessed with abundant natural resources, and more than that, an army of great men and women willing to extract it. pursuing environmental policy is based on unproven science is the wrong path -- policies based on unproven science is the wrong path. [applause]finally, at home i'm working to empower students by detailing the bureaucracy that has prohibited positive education reform for decades. revitalization is predicated on leadership. the societal problems dragging our country down are not new. they are magnified during economic downturn. as conservatives, we have to lead by example. my mother always told me, you can't stop through legislation. it has to come from the heart. the westery day in virginia legislature to impart the tenets of servitude as him to everyone who has been tasked to lead my great state. you'd be surprised how much have in common with people, even when they're on the other sid
corporate tax reform. even pushing democrats on entitlement reform or so he says. now i know, i know, my favorite president reagan trust by verify, but i think there's some optimism out there and i'm going to do my best now to persuade my pal, conservative superstar ann coulter. she's the author on set for the full hour. jimmy williams. and michelle caruso-cabrera. ann coulter, i know you think i'm nuts but i'm telling you the stock market is a great signal. the republicans won on the sequester. obama's poll are down so now he's having to come to the negotiation table. i like this story. i want to be optimistic about this story. >> um, i want to be optimistic too. but i want to be realist jig. all,000 are the financial maven and i would normally defer to you, that's the only thing i'm pessimistic about. i think the economy -- i would not count on the stock market continuing to go up. i know nothing about it. i just don't think that what's happening in the company justifies it. people don't have any other place to put their money. i do think people will get fed up with obama. one thing i'
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
>>> time to get big returns on your tax refund. precision cast parts an enindustrial company. >> metal parts for the automobile trucking jet aircraft businesses. earnings per share expected to grow a big 21% this year. >> morgan, like the company? >> the. >> reporter: on equity a little so so but i i really like this. >> boeing, the airline company has had a lot of problems with the batteries and dreamlirs a and why do you like them now? >> taking a lot of orders and pay a dividend and brought strong earnings. >> the troubles behind them? >> not quite. worried about the battery issue and still a good pick. >> that is it for forbes on fox. have a wonderful weekend. thank is for watch. keep it right here you are watching fox. >>> obamacare, taking a bite out of your burger and fries? one franchise owner get ready to pay for it burgers and dogs. taking your dog to the vet is going to cost more too thanks to the healthcare law. healthcare regulations stacking up, now taller than the predent, time to chuck it? >> cashin in starts right now. >> eric: i'm eric bombing. glad to see y
anything of the sort. bowles-simpson >> balsams and called for tax reform. this budget does nothing of that sort. i cannot see how people simpson is among the reasons why he supports it. >> thank you. there is a similarity in there was a cause for a spending reduction in our tax code, the credits and bypassing collection. senator sanders was referring to the cayman islands earlier. i believe senator levin has talked about $70 billion in net revenue, companies that do not pay a cent in taxes. that type of spending through credits and deductions has grown phenomenally. the powerful in our country, the want their projects to be funded through the tax code, because unlike a preparations, it is not examined every year. that is a very clever strategy and puts them in a very different class and working people who are benefited by programs that are funded every year. it is unacceptable if you come to the core concept of fairness. the actual language in the reconciliation instruction refers to the level of revenues. the explanatory instructions in the back, page 61, talks specifically about
by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil an
. >> your dog is named freedom. >> eric: and medical device 2.3% tax? >> we're not paying for healthcare right now above what you are paying for your premiums. the average family cost them $2200 a year, to cover people that are uninsured. you are going to pay a couple more cents for the burger or pay thousands of a dollar in order to insure people that are not insured today. every time the insurance gets it paid for. >> eric: this goes across the whole economy. no matter what you buy, your prices are going up? >> we had bobby flay on the business network. he is worried about the costs. human chef. how he is going to do it suck it up or pass it on the consumer. everybody is worried about this. this wasn't talked about in the beginning. nobody said in the beginning, now what, this small businesses will have to go out of business. all we heard was the good stuff we're going to take care of the people that never had it. at the end of the day it's costing us more. >> eric: the original healthcare law was 7,000 pages long. mitch mcconnell put out it's up to 20,000 pages. what else do we know t
his own words. he says investments, and he means government spending. meanss revenue, and he taxes. he says dr. lincoln is in the library, and he means, "distract michelle. i'm going out for a smoke." remember, republicans agreed to raise taxes, and in exchange, we're supposed to be taking an ax to the budget. he wants to raise taxes again. remember this the next time some journalist asks a republican, cassette and are you saying you would not take $1 in tax hikes in exchange for $10 in budget cuts?"-- "are you saying you would not take $1 in tax hikes in exchange for $10 in budget cuts?" we are the indians and the obama administration are andrew jackson. we have been through this before. the democrats tripled the budget. it is not true that it was reagan's tax cuts that led to the deficit. the problem was for every additional dollar that came in to the internal revenue service, the democrats were spending another $3. then reagan's knuckle head of a vice president, the first george bush, unable to learn from the first kick of a mule, made the exact same deal with democrats. he raised t
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
the senate majority. >> president ronald reagan. >> principles. liberal. a sign of tax increase and pro- abortion law in california. ahead of his time. reagan was a liberal. >> president barack obama. clark's greatest president of the 21st century. >> a cold, remote, and deeply cynical. >> god. god is love. [applause] satan. >> satan is hate. the dark lord of good inte ntions. >> hugo chavez. e now.qaan's roommat [laughter] [indiscernible] [bell] >> that is the end. who is the winner? is it paul? son?t tucker carlon go back and read the papers. we want to thank each of these. i want to thank paul because it is a little more of an uphill climb. we are delighted to have you. thank you so much. i appreciate it. ♪ >> continuous coverage. rick perry.or mitt romney will a trust -- mitt romney will address the conference of this afternoon. ♪ >> god bless texas. god bless texas. thank you. they said you have to turn to the left. i said i do not go left well at all. it is a big honor to be asked to speak. i want to say thank you to those of you who have allowed me to come. for all of the bad
.ing a move that has -- considering a move with major implications all over the world. officials want to tax a percentage of every individual savings account and they would reach in the account and take the money. as you can imagine, the reaction has been fierce. senior foreign affairs correspondent greg greg palkot has the story tonight from london. >> the mediterranean island nation of cyprus is small but it rocks the global markets, including the u.s. because it's going to do the unthinkable. fund a near bankrupt government. at least the solution we went for is for sure not the one we would have liked. but under the circumstances, it was the least painful one. >> exchange for a bail-out from the european union and imf, cyprus wants a so-called tax of around 10% on account of $130,000 and over and 7% for the rest. exposure to invest in the greece and lax banking regulations are to blame. attracting foreign investors including russians. brussels and germany are seen by cypriates as the villain. >> we don't want germany here. we don't want them to help them at all. >> all of this is causing
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